The Wall Street Journal-20080205-Alitalia SpA- Despite Snub- Air One Plans to Another Bid

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Alitalia SpA: Despite Snub, Air One Plans to Another Bid

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Reuters

Milan business leaders are supporting a promised counterbid for Alitalia SpA, hoping to stave off flight cutbacks at the airline's northern Italian hub. Air One SpA, whose previous bid for the state's 49.9% stake in Alitalia was snubbed, said it would present an offer soon for Alitalia, which is in exclusive talks with Air France-KLM SA.